ECW1102 Introductory Macroeconomics Tutorial Questions (Week 2) Tutorial 1 National Income‚ Expenditure and the Circular Flow – Measuring a nation’s income 1. *Why do economists use real GDP rather than nominal GDP to gauge economic well-being? 2. Below are some data from the land of milk and honey. Year 2001 2002 2003 Price of Milk $1 $1 $2 Quantity of Milk 100 200 200 Price of Honey $2 $2 $4 Quantity of Honey 50 100 100 Compute nominal GDP‚ real GDP‚ and the GDP deflator for each
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construction company Samsung has been the big prize for building one of the two Petronas Twin Towers (Malaysia) in September 1993‚ and the Burj Dubai in 2004‚ the tallest building in the world. And now‚ we begin to learn about the financial situation and control of Samsung electronics. Source: http://vi.wikipedia.org/wiki/T%E1%BA%ADp_%C4%91o%C3%A0n_Samsung Task 3: 3.1 Financial planning process 3.2 Factors influencing the decision-making process such as cash and working capital management‚ budgetary
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statistics 2. Qualitative research – based in non-numerical information (text‚ written‚ words‚ symbols‚ speech) that describes people‚ actions or events in social life. Quantitative Research Surveys 1.series of questions‚ each asked the same way 2.paper or verbal 3.Large numbers of people representative sample 4.Typically analyzed using statistics Qualitative Research Ethnography- Observations of people in their natural environments Interviews-Specific questions about a particular topic
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COMPUTERIZED INVENTORY SYSTEM: BACKGROUND OF THE STUDY Inventory is one of the most important factors in running a successful and profitable business. It helps businessman to determine the profits earned by the establishment at the same time it helps them to track down the number of stocks and supplies needed to be replaced or purchased. Inventory sometimes take days or weeks to be done and it requires many people to do the inventory. Check and balance of the materials and goods could be quite
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Motivation addresses the issues concerning the reason people do what they do. Motivational theories relate to the reasons‚ other than capability‚ that some individuals perform at a higher level than others. The purpose of this paper is to describe how achievement motivation theory would and would not be applicable if applied to two or more workplace situations drawn from personal experience. Motivation is defined asa driving force or forces responsible for the initiation‚ persistence‚ direction
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are motivated by both intrinsic and extrinsic rewards. In order for the reward system to be effective‚ it must encompass both sources of motivation. Studies have found that among employees surveyed‚ money was not the most important motivator‚ and in some instances managers have found money to have a de-motivating or negative effect on employees. This research paper addresses the definition of rewards in the work environment context‚ the importance of rewarding employees for their job performance‚ motivators
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Market Economics System: General Overview and Ideologies Introduction Economic system is a system for producing‚ distributing and consuming goods and services. There are several economic systems practiced by different countries. One of these is market economic system. Market economic system is known as capitalism‚ laissez faire economy or free market economy. Market economic system is an economic system that the economic decisions and the price of goods and services are determined by the country’s
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What is motivation? Motivation is a desire to achieve a goal‚ combined with the energy to work towards that goal. Students who are motivated have a desire to undertake their study and complete the requirements of their course. Are you a motivated student? Being a motivated student doesn’t mean you are always excited or fully committed to your study‚ but it does mean you will complete the tasks set for you even when assignments or practicals are difficult‚ or seem uninteresting. Positive and negative
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REACTION PAPER Topic : “INCENTIVES ARE NOT THE SAME AS MOTIVATORS” Mr. Clayton Christensen‚ a renowned author in the field of management‚ wrote an article entitled “INCENTIVES ARE NOT THE SAME AS MOTIVATORS”. He enlightens his readers on the difference between incentives and motivators. He was born on April 16‚ 1952 at Salt Lake City‚ Utah (USA). Besides being a teacher and a consultant‚ he is also famous in writing articles about innovator’s dilemma. This article was published by Carmen Nobel
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Motivation Christine Walters PSY/355 Jeremy Christensen Motivation Motivation is the process in which behavior is initiated‚ guided‚ and maintains goal-oriented behaviors. “We may define motive (or motivation) as a need‚ want‚ interest‚ or desire that propels someone (or an organism) in a certain direction” (Psychology‚ 2014). Motivation cannot be directly observed but through behaviors we see it manifested. It is thought of as the driving force that compels a person to do something in order
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